I concede, I mislisted as Item level 55.

That said, I don't agree they are working as intended. You cannot acquire folklore items with Scrip gear alone, your stats will be too low for any gathering class.

Folklore items are those that require 99 Rowena's tokens (each at 50 scrips a pop) which are exposed after you read the folklore tome.

SE advertised the Scrip system as a way to get high level Gathering without the need for melds, which is untrue and misleading, as if you really want to gather those highest level items, you most certainly need HQ overmelded gear from crafters in at least some slots.